When is it useful to borrow bitcoin? - page 38.

phreaky

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Quote from: sishendaoye on February 19, 2016, 06:15:45 AM

Borrowing your bitcoin can be good but only if you really need something.
If you are not in a need of something do not borrow bitcoins, you also should not borrow large amounts pf bitcoin, it would be stupid.

Indeed borrow a Bitcoin around this time should be not so good. I think that it will rise soon. You only must do it in emergency.
I think that it will be more worth later so you can sell it or buy it now for the investment.

sishendaoye

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Borrowing your bitcoin can be good but only if you really need something.
If you are not in a need of something do not borrow bitcoins, you also should not borrow large amounts pf bitcoin, it would be stupid.

Dekker3D

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Probably borrow bitcoins before the halving, let the halving double its bitcoin price then before the price go down sell it. Since you have to pay in bitcoin as well, buy bitcoins once the price settled down.

Alvin Fahriza

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Quote from: ThunderThomas on February 18, 2016, 01:23:16 PM

Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

yeah I'm not going to borrow money, when I was not being pressed.
many people who do not care about this, including gambling addiction

bitlancr

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It is now not so smart to borrow a Bitcoin. You know why ? Because the value is now quite low so you dont get much money for it.
You must only do if you need money for emergency. But it is better if you wait a little longer if the value is more.

ThunderThomas

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Its only good if you really need the money and are in real trouble because you have no money.
Borrowing has a lot of downsides because you can get in debts because of it and you always have to pay more back.

RodeoX

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What I see here is that it is most useful when you have no intention of paying back the loan. Embarrassed

Bitcoinbro

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Its useful when you need a lot of money at once and you can not pay your bills.
You should than borrow some bitcoins and pay your bills, so it can be very handy.

hawkins

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bitcoin I think is better looking than borrow it, but if you really needed bitcoin, it's possible you can do. and the most appropriate time to borrow bitcoin is when the price is down, and restore it when the price is when you get profit from it. and it also can you do when you desperately need capital to run your business

Jemzx00

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Best time to borrow is when Bitcoin's Price is High and let's just say borrowing here is " Borrow at Your Own Risk"

MaritiJames3

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It will take some risks with them for sure but if you really need the money you should do it.
As an example you could do it because your mother is in the hospital and cannot pay their medical bills that's a real situation where you could borrow bitcoin for.

HarryKPeters

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Its useful on anytime because everyone has sometimes problems with their monthly payments or something.
And if you than borrow your bitcoins you can pay them, its not always good to do but it can be good.

Altynbekova

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Its now not so useful I think. The value is now quite low, so you have nothing to it. Maybe later you can do it if the value is higher.
If you are in a emergency you can do it. But that is not so smart. Its better to wait for a higher value.

Hellacopter

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Quote from: Struble on February 16, 2016, 07:48:17 AM

Its useful if you really need something to pay or something, and you will com in trouble than its pretty sweet.
I would not do it many times or quickly but its of course a option you may consider.

That's true, people borrow bitcoin usually when they need it for some billing purposes or other reasons, but if there is no another source you expect earning some coins from it then you risk not be able to repay the loan at time

Struble

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Its useful if you really need something to pay or something, and you will com in trouble than its pretty sweet.
I would not do it many times or quickly but its of course a option you may consider.

gregyoung14

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Quote from: ?? on ??

Quote from: BruceLee007 on February 14, 2016, 01:51:18 PM

don't borrow when you don't need extra money, better is to don't buy something and wait for more money but don't borrow

That is true...some of those borrower has the lifestyle of the rich and the famous, but only have few money to spend in it so they borrow,, that would only put as in the grave of debt..

Yep, stick with this one. Don't borrow when you dont need extra money. Cause noone can actually get enough of money. And no matter how much they have in their hands, it will surely fly away.

elizabethqueen

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Quote from: tommorisonwebdesign on August 02, 2015, 04:31:14 PM

When is it useful to borrow bitcoin? Considering that it is really hard to get a loan here on this forum even with escrow, and the plentiful amount of scammers floating around here, is there really a great reason to even bother getting a loan here? I mean unless you're flat broke I could understand but even still it's an uphill battle. It's way easier to take out a cash advance in an emergency. I suppose if you're dealing with a trusted borrower and trustworthy escrow you may have a chance in obtaining your funds. Other than that, it can be difficult for a scam-less transaction to take place.

really?borrow is usefull?i dont think borrow is usefull,i hate borrow,everytime is not good for me to borrow anything include borrow bitcoin,expect i really2 stuck,and i dont have any other way out.

Alvin Fahriza

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when you really need them. when a tight squeeze, and there is no other way to earn money, you can borrow, I often borrowed in lending, and it was very easy

tn211

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I think borrowing your bitcoins is very risky, but it can be useful for sure as an example if you need to pay medical bills or something. The downside it may be very risky due the bitcoin is very unstable.

BruceLee007

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don't borrow when you don't need extra money, better is to don't buy something and wait for more money but don't borrow

Topic: When is it useful to borrow bitcoin? - page 38. (Read 78951 times)